Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its position in Bank of Hawaii Co. (NYSE:BOHFree Report) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,438 shares of the bank’s stock after buying an additional 6,094 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.27% of Bank of Hawaii worth $25,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB lifted its position in shares of Bank of Hawaii by 47.5% in the second quarter. Handelsbanken Fonder AB now owns 9,937 shares of the bank’s stock worth $410,000 after purchasing an additional 3,200 shares in the last quarter. Newport Trust Company LLC purchased a new stake in shares of Bank of Hawaii in the third quarter worth approximately $20,170,000. Illinois Municipal Retirement Fund purchased a new stake in shares of Bank of Hawaii in the third quarter worth approximately $1,205,000. Victory Capital Management Inc. lifted its position in shares of Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after purchasing an additional 590,492 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Bank of Hawaii in the second quarter worth approximately $695,000. 82.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. TheStreet raised shares of Bank of Hawaii from a “c+” rating to a “b-” rating in a research report on Friday, December 8th. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to data from MarketBeat.com, Bank of Hawaii currently has an average rating of “Reduce” and a consensus target price of $52.40.

View Our Latest Research Report on BOH

Bank of Hawaii Trading Up 1.0 %

Shares of Bank of Hawaii stock opened at $61.72 on Friday. Bank of Hawaii Co. has a 1 year low of $30.83 and a 1 year high of $77.60. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $67.77 and its 200-day simple moving average is $57.71. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 2.07 and a beta of 1.09.

Bank of Hawaii (NYSE:BOHGet Free Report) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. The firm had revenue of $252.63 million for the quarter, compared to the consensus estimate of $161.03 million. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, sell-side analysts expect that Bank of Hawaii Co. will post 3.69 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.54%. Bank of Hawaii’s payout ratio is presently 67.47%.

About Bank of Hawaii

(Free Report)

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, and high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.

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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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